Steps For Buying A Home - Conducting A Self-Inspection
Contracting a professional home inspector before buying a home is a good way to ensure that you will not encounter any major problems after you've signed a contract and bought a house.
However, you aren't required to conduct an official home inspection until after signing the initial contract, so it's a good idea to learn as much as possible about the condition of the home by having an honest discussion with the seller, and even performing your own 'mini' inspection where you can check for basic structural defects or potential problems.
Most sellers will be open to having you inspect the home well before signing any type of contract, and this gives you some leverage when you are negotiating the final price. Barron's 'Smart Consumer's Guide to Home Buying' encourages all prospective homebuyers to prepare a checklist and note any problems and areas of concern as early as possible. The authors of the book explain that, "If you are thinking about buying a house that will need renovation or upgrading, the more value will be derived from your mini-inspection."
Consider creating a checklist for a home inspection report so you can do a walk-through of the home and take notes about the appearance and overall condition of the home. Here are some essential areas to cover:
Know the age of the house - Know the exact date when the house was built. You must also check if there are any renovations or upgrades done on the home, when they took place and if the house's blueprints are still available.
Inspect the house's foundation - Check if there large cracks around the home and basement. You should also check for water or weather related damages. Ask the seller if the house ever experienced or experiences weather related problems in various seasons.
Check the interior for defects and potential problems - you'll want to make sure that all doors open and close easily and that all the walls are flat, even and free of cracks. Make a note of any visible cracks or deterioration and take pictures of anything that stands out. You'll also want to check for mold problems, odors and make sure all water entry areas are clear and functioning properly.
Check the exterior for defects and potential problems - do all of the windows and doors have adequate insulation? Do they open and close fluidly? Make sure all of the siding, windows and doors are free of cracks and any noticeable wear and tear.
Examine the heating and air conditioning system - Query the seller about the average cost of operating these systems in a month. You may need to have a new system in place if the old air conditioning system is already inefficient.
Take all the information you gathered and create a written inspection report. You may also use a digital camera or camcorder to take pictures or video clips that you can review later. Video clips and pictures will allow you to document your inspection in more detail. These visual documents may also give you additional negotiation leverage. - 23310
However, you aren't required to conduct an official home inspection until after signing the initial contract, so it's a good idea to learn as much as possible about the condition of the home by having an honest discussion with the seller, and even performing your own 'mini' inspection where you can check for basic structural defects or potential problems.
Most sellers will be open to having you inspect the home well before signing any type of contract, and this gives you some leverage when you are negotiating the final price. Barron's 'Smart Consumer's Guide to Home Buying' encourages all prospective homebuyers to prepare a checklist and note any problems and areas of concern as early as possible. The authors of the book explain that, "If you are thinking about buying a house that will need renovation or upgrading, the more value will be derived from your mini-inspection."
Consider creating a checklist for a home inspection report so you can do a walk-through of the home and take notes about the appearance and overall condition of the home. Here are some essential areas to cover:
Know the age of the house - Know the exact date when the house was built. You must also check if there are any renovations or upgrades done on the home, when they took place and if the house's blueprints are still available.
Inspect the house's foundation - Check if there large cracks around the home and basement. You should also check for water or weather related damages. Ask the seller if the house ever experienced or experiences weather related problems in various seasons.
Check the interior for defects and potential problems - you'll want to make sure that all doors open and close easily and that all the walls are flat, even and free of cracks. Make a note of any visible cracks or deterioration and take pictures of anything that stands out. You'll also want to check for mold problems, odors and make sure all water entry areas are clear and functioning properly.
Check the exterior for defects and potential problems - do all of the windows and doors have adequate insulation? Do they open and close fluidly? Make sure all of the siding, windows and doors are free of cracks and any noticeable wear and tear.
Examine the heating and air conditioning system - Query the seller about the average cost of operating these systems in a month. You may need to have a new system in place if the old air conditioning system is already inefficient.
Take all the information you gathered and create a written inspection report. You may also use a digital camera or camcorder to take pictures or video clips that you can review later. Video clips and pictures will allow you to document your inspection in more detail. These visual documents may also give you additional negotiation leverage. - 23310
About the Author:
Author: Alexandria P. Anderson specializes helping people to find and purchase Edina homes for sale in Minnesota, as well as Edina MN real estate for her home buying clients.
posted by Mr. Forex at
4:41 AM
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